us eu wrap up fifth round of trade talks without breakthroughs
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

US, EU wrap up fifth round of trade talks without breakthroughs

Arab Today, arab today

Arab Today, arab today US, EU wrap up fifth round of trade talks without breakthroughs

Washington - AFP

The United States and the European Union (EU) concluded the fifth round of the Atlantic free trade talks on Friday, without yielding major significant breakthroughs after almost a year of negotiations. "Nearly all of the negotiating groups met this week, and we're now discussing the proposed agreement wording in most of the negotiating areas," chief U.S. negotiator Dan Mullaney told a press conference after wrapping up five-day negotiations for the Transatlantic Trade and Investment Partnership (TTIP). "This week our teams have discussed tariffs, services and investment, government procurement -- all areas where both sides have indicated high ambitions for additional market access," he said. Negotiators also discussed ways to promote greater regulatory compatibility in a range of sectors, including medical devices, pharmaceuticals, cosmetics, automobiles as well as chemicals, he added. Chief EU negotiator Ignacio Garcia Bercero said the two sides had very good and intensive discussions on regulatory coherence, but "we have not at all reached the point in which we already have an agreement or a text on which we are working." "Our objective ... is to reduce barriers and costs that arise due to unnecessary regulatory and standards differences between our two economies while maintaining ... high level of health, safety and environment protection," Mullaney said. Following four rounds of negotiations that started last July, "we've moved from discussing a conceptual framework to defining specific ideas for addressing the majority of the negotiating areas," U.S. Trade Representative Michael Froman said in a statement. The next round of TTIP negotiations, which aim at creating the world's largest free-trade area, will take place in July with specific dates not yet determined. The U.S. and EU leaders have initially set a timetable for completing an agreement by late 2014. But negotiations moved very slowly amid rising political and public resistance to the deal on both sides. Market access for genetically modified organisms and hormone-treated agricultural products was deemed the most difficult aspect of TTIP negotiations, followed by data protection and privacy standards, environmental standards and financial services regulation, according to a stakeholder survey released by the Atlantic Council and the Bertelsmann Foundation in March. Only 29 percent of respondents believe a broad and comprehensive agreement would be reached, while 57 percent expect a moderate accord, which would exclude some controversial issues, the survey showed. Being each other's largest economic partners, a successful TTIP would strengthen the transatlantic relationship and give the two sides bigger power in formulating future global trade rules.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us eu wrap up fifth round of trade talks without breakthroughs us eu wrap up fifth round of trade talks without breakthroughs

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us eu wrap up fifth round of trade talks without breakthroughs us eu wrap up fifth round of trade talks without breakthroughs

 



GMT 12:48 2016 Sunday ,27 November

Cilic, Dodig push Croatia to brink of Davis Cup

GMT 05:24 2017 Thursday ,28 December

Erdogan says 'terrorist' Assad cannot be part of Syria

GMT 12:59 2016 Saturday ,05 November

WB welcomes economic reforms in Egypt

GMT 18:40 2016 Saturday ,05 November

Egyptian GDRs in London down

GMT 10:57 2017 Wednesday ,06 December

Peru striker Guerrero has doping ban extended

GMT 17:51 2017 Tuesday ,07 March

Trump Signs New Travel Ban on Six Muslim Countries

GMT 10:30 2017 Wednesday ,06 September

Saudi Information Ministry praises media role during Hajj

GMT 15:29 2017 Tuesday ,24 January

Mind games really do help your brain

GMT 06:55 2015 Thursday ,01 October

Boston Red Sox beat Yankees

GMT 08:17 2017 Monday ,28 August

Bahrain celebrates World Humanitarian Day 2017

GMT 02:07 2017 Tuesday ,28 February

Opposition seeks Russian support at Syria talks
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday